Most Recent Posts
Expatriate Lawsuit Featuring Rand Paul Shot Down
James Bopp, Jr., the lead lawyer for the Plaintiffs and General Counsel for Republicans Over-seas, states the following: “The Court refused to permit us to amend the complaint to fix the Court’s alleged problems it found originally in our complaint and then dismissed our case. The Court’s theory is that it is the fault of the banks for refusing to do business with American citizens, not the fault of FATCA which causes the banks to do it. This is like blaming the bank cashier for robbing the bank when the robber puts a gun to her head and she gives him the bank’s cash. That cannot be correct.”
Kent Hovind May Be Calling Off The Hounds
It looks like Kent Hovind may be regretting just a bit the fury that he unleashed by going public with his dispute with his son Eric over control of ministry assets....
Claiming A Conservation Easement Deduction? Use A Tax Attorney
One of the requirements to make a conservation easement deductible is that the conservation purpose be “protected in perpetuity”. That is a really long time. And there is recognition that maybe things will change and that in the future people will think that it would be better if we just paved everything. So there is a kind of out. If due to unexpected changes the conservation purpose can no longer be fulfilled then there can be a clause that says that the donee organization gets a cut of the proceeds.
AMT Credit Carryover Dies With The Taxpayer
The other practical observation from a planning viewpoint is to note many valuable tax attributes even for example basis in excess of value will die with the taxpayer. There may be planning opportunities that present themselves. Consider a taxpayer with large charitable carryovers or net operating losses and substantial IRA assets. It might be worth ending the income deferral while there are attributes to shelter it rather than leaving behind an income tax liability.
Bill Sardi Thinks Eric Hovind Should Be Polishing His Resume
I heard from Bill Sardi who has some thoughts on the current conflict in the Hovind family that has spilled into the public sphere. Kent mentioned Bill around the 7:00...
Alert Vanguard Client Service Leads To Intervention In Elder Abuse Case
The Santa Clara County model differs from other financial abuse prevention teams in that “rapid response” by the team members is a central component. “Immediacy is important to freeze assets and to prevent financial destitution,” says Lee Pullen, Director of the Department of Aging and Adult Services. When APS receives a call through its telephone hotline, APS immediately determines whether the case is appropriate for FAST. A referral to FAST triggers a prompt visit to the elder or dependent adult by at least two members of the team
Even Ernie Land Cannot Get Kent Hovind To Shut Up About Some Things
I asked Ernie Land of Creation Science Ministries, Inc to weigh in on the Hovind family dispute currently roiling a tiny bubble of the internet, that I don't seem to be...
Kent Hovind Calls The Dogs Out On His Own Family
Well now Kent Hovind has really aggravated me. In this recent conversation with knome king (Bob Baty idenitfies KK as Mark Hill), in an extreme burst of TMI, he lets...
Massachusetts Hits Yacht Owner With Use Tax
When he purchased Odyssey the insurance paperwork indicated that he would be docking it in New Bedford (The famous whaling port just across Buzzard’s Bay where the fellow who you were to call Ishmael shipped out with Captain Ahab). Documentation with the Coast Guard and Homeland Security indicated Fairhaven was the home port. Probably worst was that Fairhaven was emblazoned on the stern of the yacht. And of course there was no use tax paid to Florida, which Mr. Brodsky had testified was the yacht’s intended home.
Review: Disrupted By Daniel Lyons, As Read By An Accountant
I ended up not having a tremendous amount of sympathy for Lyons. I encountered many of the problems he did as I had a bad culture fit in the waning days of my career and annoyed mysterious powers that be with my on-line presence. I don’t think I whined about it nearly as much, but that’s not what I found really interesting about Disrupted. It was the accounting stuff in there that really grabbed me. Balance sheets and income statements, the stuff of life.